Arnold D And Winifred W Palmer Foundation
- Assets
- $3.6m
- Revenue
- -$173.2k
- Investments
- $3.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 31-1536438
Organization Overview
Arnold D And Winifred W Palmer Foundation is located in Pittsburgh, PA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arnold D And Winifred W Palmer Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Arnold D And Winifred W Palmer Foundation has awarded 52 individual grants totaling $1,072,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret A Palmer President | 1 | $0 | |
Amy P Saunders Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $107,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$283,323 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,724 |
| Total Revenue | -$173,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,554 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $22,034 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $187,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,993 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,504,226 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $67 |
| Total assets | $3,553,730 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Arnold D And Winifred W Palmer Foundation has awarded $165,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS MEMORIAL LIBRARY PURPOSE: 2020 PALMER SUMMER READING PROGRAM | $30,000 |
FRIENDS OF LIGONIER BEACH PURPOSE: PA DEPARTMENT OF CONSERVATION AND NATURAL RESOURCES AWARD | $10,000 |
CASA OF WESTMORELAND COUNTY PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
ST VINCENT COLLEGE PURPOSE: PALMER SCHOLARSHIP FUNDPALMER SCHOLARSHIP FUND | $50,000 |
YOUNGSTOWN VOLUNTEER FIRE DEPT PURPOSE: NEW FIRE TRUCK | $50,000 |
WESTMORELAND COUNTY AIRPORT AUTHORITY PURPOSE: 2022 WESTMORELAND COUNTY AIR SHOW | $10,000 |